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Justices To Hear Challenge To LA Hotel Registry Search Law

The U.S. Supreme Court on Monday agreed to review a Ninth Circuit decision striking down a Los Angeles law allowing warrantless searches of hotel registries, in a case that could determine when Fourth Amendment facial challenges are permitted against such local laws.

  • Skadden Steers Permira In $3.5B Agrochemicals Unit Sale

    Private equity firm Permira has netted  $3.51 billion through the sale of insecticide and agrochemicals maker Arysta LifeScience Ltd. to a chemical company part-owned by activist investor Bill Ackman, with assistance from Skadden, Arps, Slate, Meagher & Flom LLP, the companies said Monday.

  • Dish, Fox Each Say Aereo Backs Their Claims In DVR Fight

    Dish Network Corp. and Fox Broadcasting Inc. faced off in a California federal courthouse Friday, each arguing that the U.S. Supreme Court's recent Aereo ruling supports its bid for a quick win in their fight over whether Dish's Internet-streaming DVR features infringe Fox's copyrights.

  • Madoff Trustee Files $62M Deal In Customer Clawback Suit

    The trustee tasked with winding down Bernie Madoff’s investment fund reached a deal valued at $62 million with a group of investors who were paid out of funds tainted by the Ponzi scheme, according to a motion filed in New York bankruptcy court on Friday.

  • Fed Pinpoints Shortcomings In Bank Stress Test Submissions

    The Federal Reserve on Friday outlined where it would like to see banks improve their submissions to the central bank’s annual stress tests, including better evaluations of their modeling and valuation techniques.

  • Trump Entertainment Allowed To Nix Union Deal In Ch. 11

    A Delaware bankruptcy judge Friday allowed Trump Entertainment Resorts Inc. to ax its collective bargaining agreement with the union representing more than 1,000 employees of the Taj Mahal and impose its alternative that trades pensions for 401(k)s and employer-provided health insurance for coverage under the Affordable Care Act.